HomeNewsEthernity's Big Move: Layer-2 Upgrade Boosts NFT Game and ERN's Market Surge

Ethernity’s Big Move: Layer-2 Upgrade Boosts NFT Game and ERN’s Market Surge

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  • Ethernity’s Layer-2 Ethereum blockchain system promises to improve entertainment user experience and brand engagement.
  • The substantial increase in ERN’s price indicates growing market confidence in Ethernity’s potential.

Ethernity has introduced a Layer-2 solution to the Ethereum blockchain. This move attempts to solve the adoption issues big businesses are having with blockchain technology.

In addition, Ethernity is a top platform for licensed and legitimate NFTs with players like Shaquille O’Neal, Muhammad Ali, and Lionel Messi.

Increasing User Experience and Brand Engagement

By improving privacy, cutting transaction costs, and streamlining user interfaces, the new Ethernity Chain Layer-2 technology claims to completely transform the user experience.

The platform uses artificial intelligence (AI) to power enhanced security mechanisms that apply Digital Rights Management (DRM) in an effort to stop counterfeit trafficking and safeguard the intellectual property of creators.

Source: Ethernity on X

Co-Chief Executive Officer of Ethernity, Nick Rose Ntertsas, stressed that moving to Layer-2 would greatly improve the way entertainment brands communicate with their audiences via Web3 technology.

The update guarantees sustainability in developing innovative entertainment experiences and goods, in addition to providing developers with a safe and easily navigated environment.

Projects on Ethernity’s New Infrastructure Coming Up

Ethernity is getting ready to introduce a number of cutting-edge initiatives on this enhanced infrastructure in the near future.

These include 0xLoans, a peer-to-peer lending protocol that uses NFTs as collateral; Fanable App, a mobile platform marketplace for real-world asset collections; and Exorians, a new sci-fi series and Web3 game, expanding on what was earlier reported by ETHNews.

Source: Ethernity on X

Also, according to CoinMarketCap, the native token of Ethernity, ERN, is currently trading at about $5.27, up 10.21% over the last 24 hours and a noteworthy 45.74% over the last week. But, it is still far behind its all-time high (ATH) of $74.13, and the current market cap has also increased to over $108.4 million.

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Syofri is an active forex and crypto trader who has been diligently writing the latest news related to the digital asset sector for the past six years. He enjoys maintaining a balance between investing, playing music, and observing how the world evolves. Business Email: info@ethnews.com Phone: +49 160 92211628